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This is almost universally my thought when I see these lay off numbers. These companies are choosing to keep 250% of their headcount from 4 years ago heading in
by anm89 4y ago
This is almost universally my thought when I see these lay off numbers. These companies are choosing to keep 250% of their headcount from 4 years ago heading into a recession. Why?
After looking through their financials though, I don't even know. They made like 3B in EBITDA In 2020, but then had a very strange financial statment in 2021 and now they lost 3B in EBITDA in 2022.
It seems like up until 2020 they were making enormous amounts of money
- MuffinFlavored 4y ago> This is almost universally my thought when I see these lay off numbers. These companies are choosing to keep 250% of their headcount from 4 years ago heading into a recession. Why? You had me up until the "heading into a recession" part. How can you speak so definitively/in absolutes?
- filoleg 4y ago> How can you speak so definitively/in absolutes? I anecdotally found that the less a person understands finance and economics, the more likely they are to make extremely confident absolute statements on their state and future direction.